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                    [Title] => When will the bleeding stop?
                    [Summary] => The metro rails are bleeding the government coffers about P5 billion a year in subsidies. If these rails were all state-owned, it would have been more understandable. But one of our three major rail systems, namely the MRT 3, is a private project, and yet the government is forced to pay for the loans taken to build the tracks. This is so because the Ramos administration agreed to give the consortium led by Fil-Estate and Ayala Corp. a guaranteed 15-percent return on equity.


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CASINO FILIPINO ANGELES HOLD

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abtest

When will the bleeding stop?

By Rey Gamboa | January 13, 2006 - 12:00am

The metro rails are bleeding the government coffers about P5 billion a year in subsidies. If these rails were all state-owned, it would have been more understandable. But one of our three major rail systems, namely...

Business